Report Update: May 1, 2024

Kuwait - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Powdered Milk Price in Kuwait - 2021

Powdered Milk Price in Kuwait (CIF) - 2021

In December 2021, the average powdered milk import price amounted to $2,925 per ton, almost unchanged from the previous month. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in May 2021 an increase of 13% against the previous month. The import price peaked at $5,122 per ton in June 2021; however, from July 2021 to December 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($5,697 per ton), while the price for Ireland ($1,421 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Powdered Milk Price in Kuwait (FOB) - 2022

In 2022, the average powdered milk export price amounted to $1,990 per ton, surging by 8.2% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price decreased by -7.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 38% against the previous year. The export price peaked at $2,149 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($2,683 per ton), while the average price for exports to Saudi Arabia ($819 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports in Kuwait

Powdered milk imports into Kuwait soared to 29K tons in 2022, jumping by 53% against 2021. Overall, imports, however, continue to indicate a pronounced contraction.

In value terms, powdered milk imports surged to $113M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.

Import of Powdered Milk in Kuwait (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	36.6	47.7	27.3	37.8	1.1%
Australia	19.0	21.5	6.8	18.9	-0.2%
New Zealand	6.1	15.0	8.7	7.1	5.2%
Saudi Arabia	1.6	4.4	2.2	2.1	9.5%
United Arab Emirates	5.4	4.1	3.7	1.9	-29.4%
Belgium	0.6	0.7	0.8	0.8	10.1%
Others	46.0	56.9	25.4	44.1	-1.4%
Total	115	150	75.0	113	-0.6%

Top Suppliers of Powdered Milk to Kuwait in 2022:

Netherlands (7.7K tons)
Australia (6.6K tons)
New Zealand (2.7K tons)
United Arab Emirates (1.1K tons)
Saudi Arabia (0.7K tons)
Belgium (0.3K tons)

Powdered Milk Exports in Kuwait

Powdered milk exports from Kuwait surged to 313 tons in 2022, growing by 525% compared with the year before. In general, exports, however, recorded a abrupt descent.

In value terms, powdered milk exports soared to $623K in 2022. Over the period under review, exports, however, saw a abrupt decline.

Export of Powdered Milk in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bahrain	273	140	4.5	214	-7.8%
Nepal	0.1	0.1	1.3	202	1164.1%
Iraq	170	115	47.3	112	-13.0%
Iran	179	84.3	6.1	72.2	-26.1%
Saudi Arabia	78.3	766	0.7	8.7	-51.9%
United Arab Emirates	76.1	27.2	29.6	2.3	-68.9%
Others	38.0	21.1	2.7	12.7	-30.6%
Total	814	1,154	92.2	623	-8.5%

Top Export Markets for Powdered Milk from Kuwait in 2022:

Bahrain (121.3 tons)
Nepal (75.2 tons)
Iran (48.9 tons)
Iraq (45.4 tons)
Saudi Arabia (10.6 tons)
United Arab Emirates (2.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the powdered milk market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023